Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.

Forex News

11,461.05119.9
Stock Analysis, IPO, Mutual Funds, Bonds & More

Forex reserves down $446 million to $428.6 billion

The reserves declined by a steep $1.45 billion to $429.050 billion last week.

ET Bureau|
Sep 07, 2019, 11.30 AM IST
0Comments
shutterstock_1094704535
MUMBAI: The country's foreign exchange reserves fell by $446 million to $428.604 billion in the week to August 30, mainly on account of a drop in foreign currency assets, RBI data showed on Friday.

In the previous week, the reserves declined by a steep $1.45 billion to $429.050 billion. The reserves had touched a life-time high of $430.572 billion in August this year.

In the week to August 30, foreign currency assets, a major component of overall reserves, declined by $1.124 billion to $396 billion, the Reserve Bank said. During the week, gold reserves increased by $682 million to $27.55 billion, according to the data.

Also Read

What Brexit? London tightens grip on forex trading

BookMyForex ties up with YES Bank, Visa to launch forex card

Forex volatilities require market intervention: RBI

Forex reserve hits lifetime high of $437.83 billion

RBI building its forex kitty with gold bricks

Comments
Add Your Comments
Commenting feature is disabled in your country/region.
Download The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.

Other useful Links


Follow us on


Download et app


Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service